Kelcord International Announces
Agreement to Build Processing Plant
BOHEMIA, N.Y., Nov. 2 /PRNewswire/ -- Kelcord International, Inc. (OTC Bulletin
Board: KLCI - news) announces that it has entered into an agreement with NEO-Plasma,
a private engineering firm, to build an ore-processing plant. The plant will be used to
process and recover precious metals from Kelcord's ore using the very latest gas plasma
technology. It will have a design processing capacity in excess of one (1) ton per day. This
plant is an improved design over the prototype plant that has been utilized for testing and
developmental work for the past seven months. This new plant will be owned in its entirety
by Kelcord.
Construction of the plant is expected to take approximately two (2) months. The
construction contract also gives Kelcord the right to build additional plants.
According to Kelcord's spokesperson, Don Rose, ''We are extremely excited to be able
to take this step. This is a major advancement for Kelcord. We have spent many months
designing and improving the ore recovery process. Results of testing and production on the
smaller proof-of-concept plant are very encouraging, and it is time to get into production on
a larger scale. The signing of this contract means that we are on schedule to meet or exceed
our company goals.''
Kelcord anticipates that the income stream derived from the operation of this plant will
facilitate the construction of even more processing facilities. Furthermore, negotiations are
continuing with Science Applications International Corporation, (SAIC), for the utilization
of their already existing plant in Idaho for the processing of Kelcord's ore. Testing has also
been extensively conducted on this SAIC plant and its output over the past year, and
assay/processing results have been consistently positive. The successful conclusion of these
negotiations would continue to expand Kelcord's ore processing capabilities.
This press release contains statements that may be considered forward-looking statements
within the meaning of the Private Securities Litigation Reform Act of 1995, such as
management's expectations regarding the processing of ore, the expected profits from said
processing and the building of additional plants. Such forward-looking statements are
inherently uncertain, and actual results may differ from management's expectations. Further
information on potential factors that could affect the financial condition and results of
operation of the company can be obtained by calling Kelcord International at
516-244-1486.
SOURCE: Kelcord International, Inc. |
